Marvell completes acquisition of Avera Semiconductor

Marvell completed its acquisition of Avera Semiconductor, the ASIC business of GLOBALFOUNDRIES, for a net deal consideration of approximately $600 million.

“With the addition of Avera, we have created an infrastructure ASIC powerhouse with immediate scale and complete design flexibility, making Marvell the ideal partner for leading wireline and wireless OEMs.”marvell.com

• 1 source
• marvell.comCompany - Newsroom - Marvell Completes Acquisition of Avera Semi - MarvellNov 4, 2019

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